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if demand for milk is inelastic, but there is an increase in supply, what would happen to milk prices and total revenue of milk sales?
if floods destory a corn crop and i wanted to estimate the impact of the decrease in the supply of feed crops on the price of feed, would i use the elasticity of demand or supply?
if the demand curve is perfectly inelastic for a certain product, then an increase in the supply will result in a lower price for that product, but there will be no change in the quantity traded in the market.
In 1999, the Office of the Under Secretary of Defense projected that the ENR Building Cost Index (BCI) would increase from its 1999 value of 3423 to 4098 in 2012. If the actual value in 2012 was 5167, what was the difference between the projected ..
What trends do you see in the data sets. support your assertions of the tend with statistical evidence. cite all your sources correctly and include your reference
What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.
A monopolist encounters the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
Given that you can earn 3% return per year with inflation running at 4% per year, how much would you have to deposit today if you wanted to collect the equivalent of $1,000,000 in today's actual dollars 30 years from today? Also, explain why you n..
Elucidate at what price also quantity will marginal revenue be zero. At what price and quantity will marginal revenue be maximized.
Explain how have these policies affected the employment rates for your chosen industry? How have these policies affected the growth of the industry.
Keynesian thinking dominated US (and other developed-country) policy-making well into the 1970s, although the "classical" counter-arguments kept up a steady criticism:
What is its sustainable growth rate. Illustrate what must its profit margin be in order to achieve its sustainable growth rate.
Economists agree that an economy cannot increase without savings. This means forgoing current consumption, saving, and investing in capital goods.
Why does a larger government budget deficit increase the magnitude of the crowding-out effect and how does the multiplier work and what might government use it for?
Discuss the information-gathering techniques and design methods you would propose to use for the project.
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